Elite Leisure is a private limited liability company that operates a single cruise ship. The ship was acquired on $1$ January $2009.$ Details of the cost of the ship's components and their estimated useful lives are:

$\backslash$table$[[$component$,\backslash$table$[[$original cost$],[($million$)]],$depreciation basis$],[,300,25$ years straight$-$line$],[$ship$\text{'}$s fabric $($hull$,$ decks etc.$),150,12$ years straight$-$line$],[$cabins and entertainment area fittings,$100,$useful life of $40,000$ hours$],[$propulsion system,,$]]$

On $1$ January $2017,$ the company took the opportunity to do a limited upgrade to the cabin and entertainment facilities at a cost of $60$ million $($assume that none of the old fittings have been replaced$)$ and repaint the ship's fabric at a cost of $20$ million. After the upgrade of the cabin and entertainment area fittings it was estimated that their remaining life was $5$ years $($from the date of the upgrade$).$

Calculate the carrying amount of the cabin of the ship at $31$ December $2017$ and the related amounts which should be recognized as expenses for the year ended.